T-Mobile Returns to Bond Market With Deal It Postponed Last Month
- Sale expected to be announced early next week, price on Oct. 2
- Securities are backed by wireless equipment installment plans
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T-Mobile US Inc. is selling $500 million in asset backed securities supported by installment plans the company offers to customers to buy cell phones, after the deal was postponed in August.
The bonds began early marketing on Friday, and are set to be sold on Oct. 2, according to people familiar with the deal, who asked not to be named as the details are private. T-Mobile is broadly syndicating $500 million of securities, and the total size of the securitization is $561.34 million.